Bertschi's Chart Outlook

Latest edition · October 4, 2026

ROLFBERTSCHIS CHARTOUTLOOK 20261004 36

Rolf Bertschi evaluates key technical support and resistance levels across global equities, government yields, gold, foreign exchange, and Bitcoin. While large-cap technology continues to exhibit relative strength, deterioration in market breadth and pressure from elevated bond yields increase the risk of broad equity market tops.

The October 4, 2026 edition of Chart Outlook highlights broad technical caution across global asset classes. The MSCI ACWI Equal Weight Index broke immediate support and threatens longer-term trendlines, while the S&P 500 shows signs of an ending diagonal wedge pointing to a potential top by late November. The report recommends reducing equity exposure if support bands are violated, monitors gold's critical breakdown line at 3,590, notes pressure on global real estate equities from rising bond yields, and provides precise chart-level decision triggers for Swiss, German, and US fixed income and equities.

Key takeaways from the latest edition

• 1.Global equal-weighted equities face technical breakdown risks alongside pressure from rising global bond yields, warranting position reductions if critical support zones fail.
• 2.S&P 500 breadth indicates rising risk of a major market top by the end of November 2026, potentially structured as an ending diagonal formation.
• 3.Long-term gold bulls should consider exiting positions if the metal breaks below key support at 3,590 to protect capital amid ongoing correction.

What this series covers

• GLOBAL EQUITIES – MSCI ACWI World Equal Weight Index (.MIWD0000EPUS)
• GLOBAL EQUITIES – MSCI World Information Technology Index (.MIWOOIT00PUS)
• GLOBAL EQUITIES – FTSE EPRA/NAREIT Developed Real Estate Equity Index US$ (.FTUNGL)
• GLOBAL EQUITIES – Global Stock Market Indices
• SWISS EQUITIES – Swiss Market Index SMI (.SSMI)
• SWISS EQUITIES – Swiss MidCap Index (.SMIX)
• SWISS EQUITIES – Swiss Real Estate Index (.REALX)
• SWISS FIXED INCOME – Swiss 10-year Conf Yield (CH10YT=RR)
• SWISS EQUITIES – Swiss Market Index Constituent Stocks
• SWISS EQUITIES – Selected Midcap and Smallcap Stocks
• SWISS EQUITIES – Lindt & Sprüngli PS (LISP.S)
• SWISS EQUITIES – Flughafen Zurich (FHZN.S)
• GERMAN EQUITIES – DAX Index (.GDAXI)
• GERMAN FIXED INCOME – 10-Year Bund Yield (DE10YT=RR)
• US EQUITIES – S&P 500 Index (.SPX)
• US EQUITIES – S&P 500 EQUAL WEIGHT Index (.SPXEW1)
• US FIXED INCOME – US 10-Year T-Note Yield (US10YT=RRPS)
• JAPANESE EQUITIES – Nikkei 225 Index (.N225)
• COMMODITIES – Gold per Ounce Spot in US dollar (XAU=)
• COMMODITIES – Gold Stocks – Barrick Mining (B.N)
• FOREX - Swiss franc per US DOLLAR (CHF=)
• FOREX - US dollar per EURO (EUR=)
• FOREX – Swiss franc per EURO (EURCHF=)
• CRYPTO – Bitcoin in US dollar (BTC=)

Edition archive

• ROLFBERTSCHIS CHARTOUTLOOK 20261004 36

  October 4, 2026

• ROLFBERTSCHIS CHARTOUTLOOK 20260927 35

  September 27, 2026

• ROLFBERTSCHIS CHARTOUTLOOK 20260816 30

  August 16, 2026

• ROLFBERTSCHIS CHARTOUTLOOK 20260511 18

  May 10, 2026